"Unless they go down the route of subdividing their holdings and making multiple 10k applications for the SPP, there would not be much point for the bigshots to be manipulating the share price to influence the SPP outcome."
Possible bigshot scheme..... short-sell to force the price well under $16..... SPP fails to raise sufficient funds .... WBC directors then can be blackmailed into a further, discounted insto raising.
Result:
More huge placement management fees to the broker/banker/insidertrader elite.
More shares to them at further large discount which can be immediately flicked for a 10% profit.
More shares to them to enable them to close out their stock borrow/sell short deals without the market price rising.
"Unless they go down the route of subdividing their holdings and...
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Last
$27.90 |
Change
0.270(0.98%) |
Mkt cap ! $96.71B | |||
| Open | High | Low | Value | Volume |
| $27.75 | $27.99 | $27.72 | $120.4M | 4.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5892 | $27.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.92 | 21812 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |